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March 16, 2025
Question

We closed our LLC Investment parternership and moved all stocks (same basis) to joint account. Do I report closure as "Disposition was not via sale"?

  • March 16, 2025
  • 1 reply
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We have dissolved out jointly owned LLC which was just one brokerage account.  All the assets were moved to our Joint account, and the basis was transferred over . All of the options other than ("Disposition was not via sale")  require a cost basis and sales price, but we did not sell anything so it appears "disposition without a sale" is correct.

 

Am I right?

1 reply

March 20, 2025

Yes.  This was a disposition without a sale.

 

@fcp3 

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